MicroStrategy Crosses 815K Bitcoin Milestone With $2.54B Aggressive Buy

Michael Saylor's MicroStrategy has just cemented its position as the world's largest public Bitcoin holder, surpassing 815,000 BTC after a massive $2.54 billion acquisition last week. We're watching one of the most aggressive institutional crypto accumulation strategies play out in real time.

The Numbers That Matter

Between April 13-19, MicroStrategy purchased 34,164 BTC at an average price of $74,395 per coin—a buy that ranks as the company's third-largest Bitcoin haul on record. The only bigger acquisitions came in November 2024, when Saylor's team locked in 55,500 BTC and 51,780 BTC respectively. That's institutional-level commitment to crypto portfolio building.

The filing with the US Securities and Exchange Commission reveals MicroStrategy's total Bitcoin holdings now stand at 815,061 BTC, purchased for a cumulative $61.56 billion. What's notable: they bought below their average acquisition cost of $75,527, which means Saylor and team are showing discipline on entry points.

How They're Funding This War Chest

Here's where the strategy gets interesting. MicroStrategy isn't purely liquidating stock to buy Bitcoin. Instead, STRC—their perpetual preferred security—has become the funding engine, generating $2.18 billion or 85.7% of this latest purchase. Class A common stock (MSTR) sales contributed the remaining $366 million.

The company is positioning STRC as something unique in the market. CEO Phong Le recently announced plans to shift STRC dividend payments to twice monthly, making it "the only preferred in the world that pays semi-monthly dividends." This creates an attractive vehicle for retail and institutional capital that wants Bitcoin exposure without directly holding crypto.

Record-Breaking Capital Deployment

Last week revealed just how efficient MicroStrategy's at-the-market (ATM) program has become. On April 13 alone, STRC set a new estimated daily record with roughly 7,741 BTC purchased through their ATM program—11.9 million shares generating over $1 billion in trading volume. The next day proved even more aggressive: 9,364 BTC tied to 14.4 million shares sold through the same mechanism.

Combined, those two days moved approximately 17,204 BTC—a staggering 518% surge versus the four-week average. This isn't passive accumulation; it's an orchestrated capital deployment strategy designed to absorb massive volumes without destabilizing either the stock or Bitcoin markets.